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20121001
20121031
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Search Results 0 to 14 of about 15
FOX
Oct 31, 2012 4:00am PDT
in most u.s. cities in august by 2% when compared to a year ago. additionally, the report notes that many of the hardest hit markets are showing gains. add to that a federal index of housing prices that also cites annual price increases during the past two years. profits continue to climb at ford. the car company brought in $2.3 billion in pre-tax profits, making up for the $468 million loss in europe. ford expects its european losses could exceed $3 billion during the next 2 years. this is the third quarter in a row ford has earned more than $2 billion. what works for pizzas may not work not for ipads. the same-day delivery service that walmart, amazon and ebay all recently launched is not going as smoothly as expected. customers in certain test cities can choose to spend an additional $10-$15 to receive their purchases that day. but the convenience of rapid home- deliveries has turned out to be a logistical and costly nightmare for the online retailers. problems range from high overhead to unreliable drivers. crocs, the creator of that ubiquitous rubber footwear with the holes
FOX
Oct 1, 2012 4:00am PDT
driving into the city. we will tell you more about that straight ahead. at 4:29 let's go back to the desk. >>> the search continues for two missing men off
FOX
Oct 9, 2012 4:00am PDT
. bp is selling a texas city refinery to marathon petroleum. the deal will be worth around 2.5 billion dollars. this brings bp one step closer to its goal to sell off some assets in an effort to cover costs of the deepwater horizon spill. bp plans to sell off 38 billion dollars in assets by next year. greece is bracing for a big day. german chancellor angela merkel is paying a visit to athens. two of the largest unions there are calling for massive walkouts in the afternoon so workers can protest her visit. however, rallies will be banned today. emotions have been boiling over as greek citizens deal with layoffs, pension cuts and other austerity measures merkel and others in the e.u. are demanding. greece needs severe cuts in order to get another bailout to keep operating. stay tuned. as mentioned earlier, there have been more reports of friction at foxconn. foxconn is denying allegations of worker strikes following reports that thousands of employees struck friday. last week, the alleged strike stopped production on the latest iphone 5 for several hours. workers were said to be retali
FOX
Oct 23, 2012 4:00am PDT
city university of new york. for 21 years he was editor-in-chief of business week. he began in the age of pure print and retired in 2005, during the digital encroachment. he's got a terrific memoir just out, "deadlines and disruption: my turbulent path from print to digital." stephen, i assume there is still an appetite for good journalism, but it's just that the current business model doesn't seem to fit it. > > that's exactly right. i'll give you just one statistic: in the last five or six years, newspapers have lost half of their advertising revenue. that's a whopping $25 billion, which is what accounts for the layoffs and the thinning out of newspapers and the closing of bureaus and so forth. and they're not charging online for content. so the business model has kind of collapsed, and we need a new business model. > > is the wrong question then to ask, "how do we sustain newspapers or some form of that kind of journalism?" rather than, "what is the new platform going to be for all this content?" > > yes. i would say that we're not in the printing business, we're not in the paper bu
FOX
Oct 17, 2012 4:00am PDT
perspective the focus on international will continue. another positive is that he's familiar with citi holdings, which holds the bad assets. good to have someone familiar with it in the lead role." in the post-financial crisis, analysts say the citigroup shake-up reaffirms that boards of directors are in charge, not ceos. some believe that's only going to increase under the dodd-frank act, which extends a more active role and legal responsibility to boards in the operation of a company. the exit of vikram pandit from citigroup leaves only 2 of the original big bankers still on wall street since the bailout days. jamie dimon of jp morgan chase and lloyd blankfien of goldman sachs are the only ceos out of 9 still standing. the original 9 recieved a cut of $125 billion in bailout money from the government during the financial crisis. since that time, the heads of merrill lynch, bank of america, wells fargo, morgan stanley, state street bank, bank of new york mellon, and now citigroup have all moved on. gap is shuffling its management team. a single executive will now head the divisions fo
FOX
Oct 29, 2012 4:00am PDT
emerging. the state of massachusettes fined citigroup $2 million, allegedly because a citi analyst broke rules by sending confidential information about the social media company to a tech news site weeks before the ipo. the analyst was fired in september. citi was an underwiter of the stock and has agreed to pay the fine. other firms have also been subpeonaed. facebook shares debuted in may at $38 and closed friday at $21.94. a quick check on corporate earnings now. goodyear tire stock took a hit of about 10% friday due to lower european demand. however, demand was up at comcast. the summer olympics provided a boost to the company, with income nearly doubling last quarter. comcast's stock jumped to $37 following the news. and, after beating wall street's estimates, tupperware and sharpie marker maker newell-rubbermaid says it will cut 10% of its staff over the next 2-and-a-half years. its part of the company's larger global restrucutring plan. samsung turned in record profits for the third quarter by remaining the number one smartphone seller. samsung profits nearly doubled to $5.9
FOX
Oct 18, 2012 4:00am PDT
study finds the purchase is out of reach for americans in some metropolitan cities. interest.com conducted a survey and found median- income households are unable to afford a median-priced home in nearly half of the metropolitan areas in the u.s. "housing is a very local issue. there are some places, like atlanta, where in fact yes it is very affordable to buy a house right now. but if you live in new york city or san francisco or san diego, it's probably not a whole lot more affordable now than it was three years ago or five years ago or ten years ago." that was mike sante of interest.com. its ranking of pricing by city finds detroit, atlanta, and minneapolis are the most affordable options for median income families. as sante noted, san diego, new york and san francisco are the least affordable. exxon mobil is taking on a north face. the oil giant is buying canadian company celtic exploration for $3.1 billion in cash and stock. exxon is highly interested in expanding its presence in the oil-rich shale found in western canada. the deal is still up to celtic shareholders and the
FOX
Oct 4, 2012 4:00am PDT
and other events at redbox kiosks. the chicago tribune reports philadelphia is the first city to get redbox tickets. for the forth year in a row, there's no baby boom. fewer babies were born this year. it's been a trend since the recession hit. prior to 2008, birth rates had risen steadily since the early 90s. however, since the economy tanked, baby births have declined. still to come, some surprise hits are helping bring audiences back to the box office. that's later in movies and money. but first, groupon's shares have dropped dramatically in value. we'll hear what some former employees have to say about that. paul eggers reports, next. lifelock is one of eight companies launching ipos this week. the identification company had an initial price tag of $9. it closed out its first trading day at $8.36. other companies going public this week include dave and buster's and luxfer holdings, to name a couple. it's the most companies going public in one week since july, with the wall street journal reporting the deals are expected to raise over a billion dollars. in less than one year, onli
FOX
Oct 10, 2012 4:00am PDT
from the great fire. "in this very large city, there's a density of entrepreneurs here where there's always something going on." it's the kind of environment that incubates what might be the next groupon or grubhub. this week, scott case, one of founders of priceline, hosted a forum on what it takes to launch a startup these days. "when you look at startups, try to network for captial for talent and for customers." one of the attendees, jere mcallister, who created a music media magazine for the ipad called "groovebug," just launched an app with iconic jazz label blue note. "we've partnered with other tech companies and they helped open doors for blue note." mcallister is one of more than a hundred entrepreneurs who see america's future in its startups, not necessarily in silicon valley. "we have the capital and supportive environment for these early-stage companies." the startup america partnership was launched last year. it provides startups with access to corporations, investors and services they need to grow. the latest survey of small businesses shows a slight dip in optimism. o
FOX
Oct 5, 2012 4:00am PDT
arrested in a mass case of medicare fraud. fbi raids in 9 cities led to the arrest of doctors, nurses and other healthcare professionals. the crimes scammed an estimated $432 million from medicare. a majority of the fraud took place in miami. other cities hit include chicago, detroit, baton rouge, l.a., new york, tampa, dallas, and houston. those arrested are being accused of false billing. "these alleged actions represent an alarming, and unacceptable, nationwide trend of individuals attempting to exploit federal healthcare programs and, collectively, to steal billions in taxpayer dollars for personal gain." that was attorney general eric holder. holder calls the fraud case one of the largest medicare fraud schemes ever. american airlines is addressing its flight problems. the airline said yesterday that it has inspected 48 boeing 757s in its fleet and is fixing loose seats on some of them. all of the planes are back in service. this week, rows of seats became loose on 3 flights and resulted in 2 emergency landings. during the next few weeks, federal regulators will work with the airline
FOX
Oct 24, 2012 4:00am PDT
cities, foreclosed takes on the appearance of forsaken - broken windows, trash, overgrown lawns. in indianapolis, fair housing groups found b of a foreclosures twice as likely to have broken doors or locks in minority neighborhoods than in white ones. "if there's mattresses and trash on the lawn, no home-buyer will want it, but it'll be perfect for an investor because they pick up everything." a coalition led by the national fair housing alliance says b of a's lack of maintenance is discriminatory and violates the fair housing act. "we should not be seeing strong african-american and latino neighborhoods flipped into investror properties. it doesn't help families." in a statement, a bank spokesman said "we strongly deny nfha's allegations and stand behind our property maintenance and marketing practices. bank of america is committed to stabilizing and revitalizing communities that have been impacted by the economic downturn, foreclosures and property abandonment. we actively address the needs of such communities..." real estate brokers say the problem intensified when the housing bu
FOX
Oct 30, 2012 4:00am PDT
schools around the city, there are already more than 90-people here." at airports from washington to boston--a region of 50-million people, airlines canceled more than 13,700 flights through wednesday-- although some operations may resume tuesday afternoon. but for the first time since 18-88, the new york stock exchange will have been closed for two consecutive days due to weather, monday and tuesday. it intends to reopen wednesday, along with nasdaq. bond trading, which closed early monday will be closed tuesday. in chicago, the chicago board options exchange and parts of cme group were closed. "the markets are in disarray. there isn't a lot of participation on days like this." among those sidelined traders-- luke rahbari who hunkered down with his family in connecticut. "a lot of the stores were sold out of batteries, generators, chain saws. flashlights were definitely gone." public transit and schools in new york and other cities are shut down. while utility crews not in harm's way headed to communities in sandy's path. "we have commitments of about 4,000 utility workers to come t
FOX
Oct 19, 2012 4:00am PDT
that city's minimum wage. >>> the big bridge closure set to get under way tonight could effect your weekend plans. it's all ahead on the ktvu channel 2 morning news. >>> good morning. thank you for joining us on this friday morning october 19th i'm pam cook. windy. very windy. steve, how is the weather forecast? >> cool down, pam. in fact coast yesterday was warmer than some inland areas. even all the way out to sacramento. that will not be the case today. the fog has come roaring back. temperatures on their way down. we will see 60s and mainly 70s. here is sal. >>> steve, good morning. we are doing pretty well. road work has been picked up. let's take a look at the commute on highway 4. it looks pretty good so far coming up to the willow pass grade. and this morning if you are driving on the san mateo bridge it looks good. of course we will have closures there. now let's go back to the desk. >>> we begin with developing news from san francisco. just a few hours ago someone shot at police officers in the western edition. this is after a traffic stop. ktvu alex savidge is there at th
FOX
Oct 25, 2012 4:00am PDT
." geographically-speaking, the top four comeback cities for job growth are san jose, houston, austin and detroit. tough new austerity measures are likely a go in greece. and it's not going over well with greek residents. protests are said to be flaring up now that greek officials have reached a deal with eurozone leaders known as the troika. greece will receive billions in a new round of financial aid. in exchange, greece is agreeing to cut $17.5 billion in spending and tax increases. final approval by greek lawmakers needs to happen before november 12th. most of the money will go to stabilize the shaky banking system in greece. the u.s. is suing bank of america for $1 billion for mortgage fraud. b of a is accused of misrepresenting the quality of home loans it sold to mortgage finance firms fannie mae and freddie mac, which resulted in over $1 billion in losses and numerous foreclosures. the government claims that the bank designed a high-speed loan processing system without quality checkpoints during the process, which prompted fraudulent practices. the u.s. says the program was starte
FOX
Oct 8, 2012 4:00am PDT
. that's it for today. coming up tomorrow, a glimpse at how candidates buy their way into office. the author of "billionaires & ballot bandits: how to steal an election in 9 easy steps" will be here. thanks so much for joining us today. have a great monday. >>> good morning. city crews and business owners cleaning up in oakland this morning. the damage done during an antiwar protest. >>> we are less than one month away from election day. what president obama will be doing today in his last trip to the bay area ahead of november 6th. >>> and gas hits another record this morning. the steps governor brown is now taking to try to bring things down. it's all ahead on the ktvu channel 2 morning news. >>> good morning. thank you for joining us on this monday morning, october 8th i'm pam cook. i'm hearing a little tiny chance of rain but let's check in with our expert steve paulson. >> unless you are a boat heading out on the pacific, maybe. for us a little cool here this morning and mostly clear skies. highs today come down just a little bit. 60s and 70s. here is sal. >>> steve, good morning
Search Results 0 to 14 of about 15